FTSE CLOSE: UK manufacturing slides to seven-year low; Channel tunnel firm ‘ready for a no-deal Brexit’; US-China trade war escalates Channel tunnel operator GetLink insists it is ‘ready for a no-deal Brexit’ There was a marked escalation in the US-China trade war overnight The latest UK manufacturing figures show activity slid to a 7-year low … Read more
Tory grandee Michael Heseltine slams Cobham takeover and says sale needs ‘proper scrutiny’ Defence technology manufacturing giant Cobham employs 10,000 people It is currently in the midst of a takeover by an American private equity group The shareholders vote is on 16 September and takeover needs 75% support However Heseltine is the latest in a … Read more
UK builders braced for backlash as Barratt and Redrow prepare to report record profits By City & Finance Reporter for the Daily Mail Published: 09:04 GMT, 2 September 2019 | Updated: 09:04 GMT, 2 September 2019 The row over the taxpayer-funded Help to Buy scheme will ignite again this week when two of Britain’s biggest … Read more
SMALL CAP MOVERS: Burford saga continues with sex-tape swap scandal; software group Stilo International to delist to cut costs By Calum Muirhead At Proactive Investors For Thisismoney Published: 12:41 GMT, 23 August 2019 | Updated: 14:33 GMT, 30 August 2019 The woes of Burford Capital once again dominated AIM headlines after the firm was hit … Read more
BP quits Alaska after 60 years in £4.5bn deal as it moves away from oil and gas drilling BP is disposing of its interests in several oil fields and the Trans-Alaska pipeline to local firm Hilcorp The deal marks a major change for BP, which began working in Alaska in 1959 It also throws the jobs … Read more
Fat cat bosses at some of Britain’s biggest companies are raking in hundreds of thousands of pounds worth of perks on top of their multi-million pay packages, a Mail on Sunday investigation has found. FTSE 100 chiefs are enjoying what critics call ‘completely gratuitous’ payments to cover private aircraft use, school fees, family travel, chauffeur-driven cars … Read more
Carpetright shares rocket as biggest investor boosts confidence in the embattled flooring firm by taking on debt pile Meditor has bought Carpetright’s revolving credit facility of £40.7million The seeming show of confidence sent Carpetright shares up over 10 per cent By Emily Hardy For This Is Money Published: 11:02 GMT, 27 August 2019 | Updated: … Read more
Algy Cluff’s retirement lasts three hours as he launches new Africa-based oil venture with City investor Michael Spencer By City & Finance Reporter for the Daily Mail Published: 21:53 BST, 26 August 2019 | Updated: 21:53 BST, 26 August 2019 When North Sea oil pioneer Algy Cluff said he was standing down from his firm … Read more
STOCK WATCH: Is BT about to cut its dividend? Recruiter Hays set to report amid possible jobs slump while Peppa Pig owner could see counter bid By Jamie Nimmo For The Mail On Sunday Published: 09:54 GMT, 25 August 2019 | Updated: 09:54 GMT, 25 August 2019 It’s been the year of the dividend cut … Read more
End of PPI bonanza to send chill over UK’s struggling economy as recession looms, economists are warning Banks will stop accepting claims for mis-sold payment protection insurance Thousands of jobs are at risk as many roles created to deal with PPI not needed Consumer spending levels could slow by 0.3 per cent By Helen Cahill, … Read more
Neil Woodford suffers another blow as Eddie Stobart ousts its boss and suspends share trading Neil Woodford owns 23 per cent of the haulage group The suspension of Stobart shares means Woodford and other investors will not be able to buy or sell any of them By Lucy White For The Daily Mail Published: 22:00 BST, … Read more
FTSE CLOSE: Stocks tumble as US-China trade war reignites; Eddie Stobart boss quits as firm suspends shares; Pound settles after strong rally The FTSE 100 closed down 0.5%, or 33.20 points, at 7,094.98 Pound up 0.1% to $1.2275, but in the red against the euro, down 0.4% at €1.1013 Eddie Stobart said its CEO Alex … Read more
Peppa Pig SOLD to US toy giant Hasbro: Firm behind Monopoly and Transformers snaps up London-listed Entertainment One for £3.3bn Peppa Pig owner Entertainment One has been sold to US toy firm Hasbro Hasbro is the US toy-making giant behind My Little Pony and Monopoly Entertainment One shareholders are set to receive £5.60 per share … Read more